Regulators from New Zealand, Belgium and Switzerland have warned against new unregulated entities.
The FMA from New Zealand has placed Caxton Global on its blacklist, because it is a broker that has offices in New Zealand but is not regulated there.
Caxton Global also claims that it is regulated in Britain, but it is no longer true.
The Swiss regulator FINMA has placed CPT Trading Technologies on its blacklist. This broker claims to have offices in Switzerland but is not regulated there as required by the law.
And finally, the Belgian ESMA has warned against seven new unregulated investment projects that are suspected to be boiler rooms:
- Akita Matsui Trading
- Denman-Brys Group
- Evans Chamberlain
- Mizuho DKB Brokerage / SDD Interational
- Morgan Newfield
- Sky Marketing
- Worldwide Financing Group
For trading use regulated brokers only.